Dollar Slips as Weak U.S. Manufacturing Data Increases Pressure for Fed Rate Cuts 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Reliance Industries Surges on Strong Quarterly Profit, Retail Recovery 
Bitcoin Hits $100K Milestone Amid Optimism Over Trump Policies 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Do investment tax breaks work? A new study finds the evidence is ‘mixed at best’ 
South Korea Inflation Edges Up in November as Food and Service Costs Climb 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
RBA Signals Possible Rate Implications as Inflation Proves More Persistent 
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure 
U.S. May Withhold $30.4 Million From Minnesota Over Improper Commercial Driver Licenses 
The largest banks in the US will earn hundreds of millions of dollars in transaction fees under the federal government's Paycheck Protection Program.
JPMorgan Chase processed the most PPP at $28.8 billion of loans as of June 20, yielding it over $800 million in fees. Next was Bank of America, which issued $25.2 billion.
Banks with assets under $250 million would also get a significant windfall.
According to Rick Wayne, president and CEO of Northeast Bank, a community bank, processing PPP loans was enormously profitable for them, "maybe the most profitable thing" they've done.
Northeast Bank is set to collect $9.8 million in fees from PPP loans.
Fees range from one to five percent, depending on the loan.
The PPP is meant to help smaller American businesses survive the pandemic-triggered recession and form part of the country's $2 trillion economic stimulus package.
But the Small Business Administration revealed that the loans had been doled out to billionaires like Kanye West, large chain restaurants, and Washington lawmakers.
